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United States-based cryptocurrency lending service Cred filed for Chapter 11 bankruptcy protection on Saturday, leaving many customers searching for solutions to get their funds. According to court documents, the legal team for Cred CEO Daniel Schatt filed bankruptcy papers for the company in the District of Delaware on Nov. 7. Cred listed
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In October, the lender published a cryptic letter saying that it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.” Source
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The decentralized finance platform Cred will now use Visa’s extensive reach to further push the adoption of lending and borrowing of digital assets.On Sept. 8, Cred announced that it has joined the international payment behemoth Visa’s Fintech Fast Track program — a program that helps payment startups use Visa’s network,
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With its new partnership, Bitcoin.com will look to revamp its lending offering using the Cred’s powered 1-touch Earn button.Major cryptocurrency wallet service provider Bitcoin.com is set to bring more value to its 11million customers through a unique technical integration from Cred (a financial services firm supporting over a dozen partners
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Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings.An announcement on April 1 revealed that Cred’s lending and borrowing services will be fully integrated into the Huobi Wallet, which supports over 1,000 crypto assets,
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Crypto-based lending and borrowing platform Cred is partnering with professional basketball player and entrepreneur Spencer Dinwiddie. A special page has been launched since March 20 for Dinwiddie’s fans to use Cred.The platform lets users earn interest on stablecoins and other crypto assets, with the company advertising a 10% annual
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In a varied career, Dan Schatt has been a Peace Corps volunteer in Romania, a Citibank banker in Senegal, a Celent analyst and a PayPal executive. He co-founded Cred, a decentralized lending and borrowing platform, with other PayPal technology veterans in 2018.Cred attracted some attention last year when it
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